KUALA LUMPUR, June 5 (Bernama) -- Crude oil and condensate production recorded a year-on-year decline of 5.5 per cent to 43 million barrels in the first quarter of 2026 (1Q 2026) compared to 45.5 million barrels in the same period last year.
KUALA LUMPUR, June 4 (Bernama) -- MISC Bhd has entered into a long-term tenancy agreement with Petroliam Nasional Bhd (Petronas ) to renew the lease of its office space at Menara Dayabumi, Kuala Lumpur, in a deal valued at an estimated RM433 million over 15 years.
KUALA LUMPUR, June 3 (Bernama) -- Tender submissions for the Large-Scale Solar 6 (LSS6) programme are expected to open this year, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
By Anas Abu Hassan
SINGAPORE, June 2 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) has revised its inflation projection for ASEAN+3 to 1.8 per cent from 1.4 per cent in 2026, while maintaining growth estimation at 4.0 per cent.
KUALA LUMPUR, May 28 (Bernama) -- The implications will be enormously positive for Petronas Chemicals Group Bhd (PCG) if Petronas eventually seek full integration of Pengerang Petrochemical Co Sdn Bhd (PPC), as PPC is expected to continue delivering large losses for PCG.
By Siti Radziah Hamzah
KUALA LUMPUR, May 26 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) move to assume full ownership of the Pengerang Integrated Complex’s refining and petrochemical operations from Saudi Aramco could further cement Malaysia’s longer-term ambition of positioning Pengerang as a major regional hub for refining, storage, petrochemicals and trading.
KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter’s equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to Petronas.
KUALA LUMPUR, May 25 (Bernama) -- Malaysia’s Producer Price Index (PPI) rises 5.4 per cent in April 2026 against 1.1 per cent in the previous month, the highest increase since August 2022, mainly driven by higher crude oil and petroleum-related product prices, said the Statistics Department (DOSM).
KUALA LUMPUR, May 25 (Bernama) -- MISC Bhd reported a higher net profit of RM741.4 million for the first quarter ended March 31, 2026 (1Q FY2026), compared with RM705.7 million in the corresponding quarter last year.
PUTRAJAYA, May 25 (Bernama) -- The B15 biodiesel implementation in Peninsular Malaysia starting June 1 is set to strengthen the country’s energy security without affecting palm oil export volume while also helping to support the local palm oil industry and accelerate the national green agenda.
KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) confirmed that an incident occurred at approximately 12.50 pm yesterday during lifeboat maintenance work at the Floating Storage and Offloading (FSO) vessel Sepat at the Sepat field off Terengganu, in offshore East Coast Peninsular Malaysia.
By Harizah Hanim Mohamed
KUALA LUMPUR, May 23 (Bernama) -- The ringgit is expected to trade within a narrow range of between RM3.95 and RM3.97 next week against the US dollar amid a shortened trading week.
